US investor CarVal has teamed up with an Italian asset manager with the aim of raising €400 million to invest in loan portfolios in Italy.
2 min read · 14 February 2017
Italy’s real estate market had a boost investment the first two quarters of this year with over €3.4bn ($3.82bn) in transactions, nearly 35 percent higher than the same period last year, while more than half of those transactions were cross-border investment, shows a new report from Savills.
2 min read · 02 August 2016
Heavyweight investment managers in the private equity real estate sector are running the rule over the Italian distressed credit market, delegates at the Urban Land Institute conference in London heard yesterday.
2 min read · 25 May 2016
The private equity firm purchased the portfolios for an undisclosed amount from two separate Italian securitisation vehicles majority-owned by GE Capital Real Estate and Royal Bank of Scotland respectively.
2 min read · 04 March 2016
Almost all lenders expect new European originations to increase or remain stable in the next six months. Some 91% of debt providers contacted by DTZ said their origination volumes will grow or remain the same in the six months to end of September 2015 compared to the previous six-month period. A similar proportion believe the same for refinancing as values continue to recover.
2 min read · 15 July 2015
PVE Capital, a European credit investment firm, has bought a €408m portfolio of Italian non-performing loans, reports Private Debt Investor, our sister publication. The book comprises residential and commercial real estate loans, with the former making up around 75% of the assets, said Gennaro Pucci, founder of PVE Capital PVE raised a new credit fund from third-party investors in just two weeks in January to support the purchase from a small Italian private bank, Pucci said. He declined to say what the total size of PVE European Credit Fund I is but explained that it holds between 20% and 30% of the Italian NPL portfolio.
2 min read · 31 March 2015
